DTN Closing Livestock Comment 06/16 16:03
Feeder Cattle Anxious for Thursday's Corn Belt Classic
Looking to Thursday's trade, the live cattle market hopes to find a generous
export report, and the feeder cattle enthusiasts will be glued to Superior's
Corn Belt Classic sale.
DTN Livestock Analyst
Once again, the cattle contracts walked hand in hand with traders and saw a
higher close by Wednesday's end. Meanwhile, the lean hog market didn't have as
much technical success, though packers are still chasing the cash market to
ensure that needs are met at the retail counter. Hog prices closed higher on
the National Direct Afternoon Hog Report, up $5.73 on 10,000 head with a
weighted average of $128.45. July corn is up 5 1/2 cents per bushel and July
soybean meal is up $6.80. The Dow Jones Industrial Average is down 265.66
points and NASDAQ is down 33.18 points.
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